Best FinTech Companies in Lagos, Nigeria
The 446 best FinTech companies in Lagos, Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: OPay.
Our analysis of 1,006 FinTech companies
$195.5b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best FinTech companies in Lagos
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | OPay 🦄 Provider of financial services including transfers, bill payments, and debit cards | $570M | 57 mo ago | Series C | 1,542 | 2018 | Node.jsTailwind CSSNginx+11 | — |
| 2 | Interswitch 🦄 Provider of technology solutions facilitating financial services and digital transactions | $310M | 49 mo ago | Acquired | 1,456 | 2002 | Bootstrapcore-jsSweetAlert+19 | 1 partnership |
| 3 | Moove Provider of revenue-based vehicle financing to mobility entrepreneurs | $260M | 26 mo ago | Series B | 392 | 2020 | WordPressMySQLPHP+25 | — |
| 4 | PalmPay App-based and reward-based payments platform for individuals | $140M | 58 mo ago | Series A | 212 | 2019 | Turbopackstyled-componentsNode.js+7 | 1 partnership |
| 5 | Kuda Provider of a digital bank for individuals | $92M | 58 mo ago | Series B | 450 | 2017 | Windows ServerMicrosoft ASP.NETReact Router+24 | — |
| 6 | FairMoney Provider of a digital microfinance bank for individuals | $57M | 56 mo ago | Series B | — | 2017 | WebflowNode.jsGSAP+22 | — |
| 7 | RelianceHMO Cloud-based health insurance platform for individuals and businesses | $48M | 52 mo ago | Series B | 572 | 2015 | EnvoyHandlebarsAmazon Web Services+29 | — |
| 8 | Nomba App-based payment acceptance solutions for SMBs | $43M | 37 mo ago | Series B | 235 | 2016 | Apple iCloud MailGoogle WorkspaceZoho+23 | — |
| 9 | Paga Agent based payment solutions for consumers and businesses | $35M | 93 mo ago | Series B | 194 | 2009 | ContentfulKineticJSBootstrap+14 | — |
| 10 | Smile ID Provider of digital identity verification, fraud detection, and KYC compliance solutions | $31M | 40 mo ago | Series B | — | 2017 | TurbopackEmotionApple iCloud Mail+19 | — |
| 11 | Zone Network of regulated blockchain infrastructure for processing digital payment transactions | $24M | 27 mo ago | Series A | 169 | 2008 | Node.jsZohoChakra UI+13 | — |
| 12 | Bamboo Broker-based online trading platform | $18M | 52 mo ago | Series A | 79 | 2018 | WordPress Block EditorWordPressMySQL+22 | 4 job openings · 1 expansion |
| 13 | Credpal Credit card-based point-of-sale financing solutions | $17M | 49 mo ago | Series A | 83 | 2017 | TurbopackNode.jsUbuntu+12 | 2 job openings |
| 14 | NowNow Mobile-based wallet for businesses and individuals | $13M | 45 mo ago | Seed | 397 | 2015 | WordPressMySQLRedis+25 | — |
| 15 | Aella App App-based platform providing financial solutions to consumers | $13M | 76 mo ago | Seed | 78 | 2015 | Node.jsReactNext.js+11 | 3 launchs |
| 16 | Paystack Payment processing solutions for businesses | $12M | 93 mo ago | Acquired | 250 | 2015 | HighchartsBootstrapAmazon Web Services+20 | 1 job opening · 2 launchs |
| 17 | Kippa App-based bookkeeping solutions for small businesses | $12M | 45 mo ago | Deadpooled | 75 | 2021 | — | — |
| 18 | Front Edge Cross-border payment processing solution for businesses | $10M | 30 mo ago | Seed | 6 | 2020 | — | — |
| 19 | Carbon Digital Bank for Individuals and Businesses. | $10M | 72 mo ago | Series A | — | 2012 | ZohoRadix UITailwind CSS+23 | — |
| 20 | Thrive Agric Online platform for investors to invest in farming projects | $9M | 50 mo ago | Series A | 251 | 2016 | Node.jsYouTubeTailwind CSS+14 | — |
| 21 | BFREE Provider of credit management solutions for distressed assets and debt recovery | $7M | 2 mo ago | Series A | 200 | 2020 | Node.jsCKEditorChart.js+12 | — |
| 22 | Indicina Technologies Provider of a loan life cycle management software | $7M | 48 mo ago | Seed | 42 | 2017 | WordPressMySQLPHP+28 | 1 internship · 1 launch |
| 23 | Pastel App-based bookkeeping and accounting platform | $6M | 46 mo ago | Seed | 44 | 2021 | Node.jsTailwind CSSReact+9 | — |
| 24 | Maplerad Core Banking service providing platform | $6M | 44 mo ago | Seed | — | 2020 | SentryNode.jsZoho+11 | — |
| 25 | Thank U Cash Reward-based digital wallet for consumer payments | $6M | 53 mo ago | Deadpooled | 57 | 2018 | — | — |
| 26 | Duplo Provider of B2B payments solutions | $6M | 45 mo ago | Seed | 31 | 2021 | WordPressMySQLPHP+32 | 1 internship |
| 27 | Shekel Provider of the marketplace offering inventory loans and digital banking for automobile businesses | $5M | 31 mo ago | Series A | 8 | 2021 | SentryNode.jsTailwind CSS+13 | — |
| 28 | Zuvy Software platform offering invoice management | $4M | 35 mo ago | Acquired | 12 | 2021 | — | — |
| 29 | Okra API-based open banking solutions | $4M | 61 mo ago | Seed | 54 | 2019 | Apple iCloud MailGoogle WorkspaceNode.js+17 | — |
| 30 | Busha App-based trading platform for cryptocurrency | $4M | 54 mo ago | Seed | 49 | 2018 | Webflowcore-jsjQuery+16 | — |
| 31 | Casava Online life & non-life insurance platform for individuals and businesses | $4M | 52 mo ago | Seed | 29 | 2016 | Google CloudMicrosoft ClarityGoogle Workspace+4 | — |
| 32 | Prospa Digital bank for individuals | $4M | 57 mo ago | Seed | 56 | 2019 | WordPressMySQLPHP+22 | — |
| 33 | Stears Online platform with data-driven insights | $4M | 44 mo ago | Seed | 21 | 2014 | WebflowAmazon Web ServicesAlpine.js+23 | — |
| 34 | CowryWise Online & app-based savings platform for individuals | $4M | 64 mo ago | Seed | 555 | 2017 | ElasticsearchNode.jsApexCharts.js+20 | 1 award |
| 35 | Curacel Provides API-based insurance as a service platform | $4M | 40 mo ago | Seed | 43 | 2019 | WebflowIntercomShareThis+14 | — |
| 36 | Anchor Association focused on payments, lending and other financial services | $4M | 33 mo ago | Seed | 4 | 2022 | WebflowGSAPCloudflare+16 | 1 launch |
| 37 | Stears Online platform provides data and insight for global businesses, financial and policy professionals | $3M | 44 mo ago | Seed | — | 2019 | — | — |
| 38 | Identity Pass Cloud based customer identity verification solution provider | $3M | 49 mo ago | Seed | 25 | 2021 | Cart Functionalitystyled-componentsReact+18 | — |
| 39 | Touch and Pay Technologies NFC-enabled contactless payment cards for consumers and businesses | $3M | 43 mo ago | Seed | 34 | 2017 | MUIJSSReact+9 | — |
| 40 | SunFi Provider of solar finance management platform | $2M | 40 mo ago | Seed | 39 | 2021 | SentryZohoAnimate.css+24 | 1 launch · 1 partnership · 1 expansion |
| 41 | Thepeer Payment processing solution for businesses | $2M | 47 mo ago | Seed | 9 | 2021 | — | — |
| 42 | Bujeti Software-based budgeting and expense management platform | $2M | 30 mo ago | Seed | 8 | 2021 | SentryTypeScriptAnt Design+20 | 1 launch |
| 43 | Cardtonic Provider of virtual payment cards gift cards and electronic connectivity | $2M | 5 mo ago | Seed | — | 2016 | Node.jsReactNext.js App Router+14 | — |
| 44 | Bitmama App-based exchange platform for cryptocurrencies | $2M | 35 mo ago | Seed | 46 | 2017 | WordPressMySQLPHP+22 | — |
| 45 | Figorr Cloud based platform offering temperature monitoring solutions | $2M | 37 mo ago | Seed | 38 | 2017 | Webflow EcommerceWebflowYouTube+17 | — |
| 46 | Mycover AI-based policy administration and claim management solutions for insurance businesses | $1M | 35 mo ago | Seed | 16 | 2021 | Node.jsRadix UITailwind CSS+11 | 2 partnerships |
| 47 | Regfyl AI-powerd platform offering API solution for transaction monitoring, regulatory filings, and compliance… | $1M | 20 mo ago | Seed | — | 2022 | WixSentryEnvoy+8 | — |
| 48 | Blackcopper P2P marketplace for consumer and business loans | $630K | 24 mo ago | Seed | 44 | 2020 | — | — |
| 49 | CreditChek Developer of a credit data aggregating platform | $240K | 16 mo ago | Seed | 8 | 2021 | Node.jsReactNext.js+16 | — |
Top 12 FinTech companies in Lagos
#1
Series A · Lagos, Lagos · founded 2020 · 200 employees$7.4Mraised▾
Provider of credit management solutions for distressed assets and debt recovery. It offers a Software-as-a-Service (SaaS) workflow for internal collections teams and purchases distressed assets, primarily non-collateralized consumer loans. The company utilizes machine learning to analyze consumer behavior and tailors its collection strategies to individual customer needs. Progress reports are provided to clients, and fees are typically commission-based. The services aim to improve credit scoring processes and reduce non-performing loans for lending businesses.
- Apr 2026Series A$3.2M
- Nov 2025Conventional Debt$250K
- Jul 2025Conventional Debt$3M
- Feb 2024Seed$3M
#2
Seed · Lekki, Lagos · founded 2016$2.1Mraised▾
Provider of virtual payment cards gift cards and electronic connectivity. Services include the issuance of virtual dollar cards for online transactions and the exchange of gift cards for currency. The business facilitates utility bill payments and provides access to mobile connectivity through digital subscriber identity modules. Additionally, the platform offers a marketplace for the purchase of consumer electronics and hardware.
- Jan 2026Seed$2.1M
#3
Series B · Lagos, Lagos · founded 2020 · 392 employees$259.5Mraised▾
Provider of revenue-based vehicle financing to mobility entrepreneurs. It enables drivers to buy vehicles based on their alternative credit scores. It uses proprietary performance and revenue analytics to underwrite loans to customers. It is applicable for ride-hailing, logistics, mass transit, and instant delivery services.
- Mar 2024Series B$100M
- Feb 2024Venture Debt$10M
- Aug 2023Venture Debt$10M
- Aug 2023Series B$66M
#4
OPay 🦄Series C · Lagos, Lagos · founded 2018 · 1542 employees$570Mraised▾
Provider of financial services including transfers, bill payments, and debit cards. It facilitates account funding and transfers to other bank accounts. The company offers debit cards for payments at ATMs, POS systems, and online platforms. It also provides a service that allows users to earn daily interest.
- Aug 2021Series C$400M
- Nov 2019Series B$120M
- Jul 2019Series A$50M
#5
Acquired · Lagos, Lagos · founded 2002 · 1456 employees$310Mraised▾
Provider of technology solutions facilitating financial services and digital transactions. The company delivers platforms for individuals, small businesses, enterprises, and developers. It offers tools for payment processing, wellness, energy, real estate, mobility, and government sectors. The company provides resources such as a blog, press updates, support, and developer tools.
- May 2022Series E$110M
- Nov 2019Series D$200M
- Oct 2019Conventional Debt$63.3M
- Mar 2017PE—
#6
Series A · Lagos, Lagos · founded 2008 · 169 employees$23.8Mraised▾
Network of regulated blockchain infrastructure for processing digital payment transactions. The network facilitates real-time processing and settlement of digital payments. It enables financial institutions to connect directly with each other. The network offers decentralized payment gateway for point-of-sale transactions. It also provides decentralized switching for automated teller machine cash withdrawals.
- Mar 2024Series A$8.5M
- Apr 2021Series A$10M
- Dec 2020Series A$5M
- Aug 2020Seed$310K
#7
Series B · Lagos, Lagos · founded 2016 · 235 employees$42.7Mraised▾
App-based payment acceptance solutions for SMBs. It offers solutions for payment tracking, payment management, payment acceptance, and more. It also offers invoice and inventory management solutions. The app is available for iOS and Android users.
- May 2023Series B$30M
- Mar 2019Series A$5.9M
- 2018Seed—
- 2017Seed$125K
#8
Series A · Lagos, Lagos · founded 2019 · 212 employees$140Mraised▾
App-based and reward-based payments platform for individuals. The platform lets users send cash between friends and paying for airtime, bills and more lets users earn rewards for that. Users can earn PalmPoints and coupons as they spend and use them to discount their transactions. The app is available on both Android and iOS platforms.
- Aug 2021Series A$100M
- Nov 2019Seed$40M
#9
Series B · Lagos, Lagos · founded 2017$31.1Mraised▾
Provider of digital identity verification, fraud detection, and KYC compliance solutions. It offers tools for user authentication, anti-money laundering, and digital KYC. The company provides facial recognition technology and fraud risk signals, including AML checks and duplicate user screening. It also offers no-code ID verification tools, allowing businesses to add IDs, customize the interface, and share links for customer verification.
- Feb 2023Series B$20M
- Jul 2021Series A$7M
- 2019Seed$4M
- Feb 2017Seed$100K
#10
Series B · Lagos, Lagos · founded 2017 · 450 employees$91.6Mraised▾
Provider of a digital bank for individuals. Its services include savings accounts, NFC-enabled prepaid cards, bill payments, and online and offline transactions. It also offers smart budgeting for expenditure monitoring, automated savings with yearly interests, and the option to freeze and unfreeze debit cards by using the application. Its application is available on Android and IOS platforms.
- Aug 2021Series B$55M
- Mar 2021Series A$25M
- Nov 2020Seed$10M
- Sep 2019Seed$1.6M
#11
Seed · Lagos, Lagos · founded 2022$1.1Mraised▾
AI-powerd platform offering API solution for transaction monitoring, regulatory filings, and compliance management
- Sep 2024Seed$1.1M
- 2024Seed$20K
#12
Series B · Lagos, Lagos · founded 2015 · 572 employees$48Mraised▾
Cloud-based health insurance platform for individuals and businesses. It offers solutions for telemedicine, doctor consultation, health benefits, pregnant women protection, and more. It uses artificial intelligence and data science for personalized health care.
- Feb 2022Series B$40M
- Jan 2020Series A$6M
- Mar 2017Seed$120K
- Nov 2015Angel$50K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of FinTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Lagos researches in fintech
Lagos institutions, led by University of Lagos and Lagos State University, predominantly research fintech through a contested lens focused on financial inclusion and microfinance concerns over breakthroughs.
- University of Lagos11
- Lagos State University10
- Lagos State Health Service Commission1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.